Chinese Iron
2010 iron ore negotiations in order to defeat a sudden loss of the final four Steel – iron ore negotiations, steel, Baosteel – Hardware Industry
A negotiating how much the cost of defeat? An answer is: probably more than 500 billion yuan. This day is April 28, 2010, from the end of the contract iron ore imports in 2009 a full 28 days, continuously high in the spot price of iron ore in front of the three in the tough
Mine Company before, China Steel Industry for the time being given up resistance.
4 28 morning, in the third floor conference room of Steel Association, China Steel Association Vice Chairman Luo Bingsheng “unprecedented” to always be honest with the Chinese iron ore negotiations in 2010, the unfavorable situation, and that domestic iron and steel enterprises, and three iron ore mining companies were the issue of access.
Luo said, given the pressures and difficulties in business operation, steel industry can not go against the principles on the basis of iron ore imports, with three major mining companies in contact, in accordance with the unified procurement of iron ore prices could start with three major mining companies to import iron ore, and then clearing.
This position Luo, means that China Steel Association has given up the agency had always stressed the “China Steel Association in the organization and coordination unified action” principle, which basically declared the negotiations over the 2010 iron ore .
2010, China imported iron ore to steel mills to extend the 2009 case, the final price may also be in accordance with the three major mining companies and Japan signed the agreement.
A month ago, China Steel Association has urged domestic steel unified action to try to do two months of the three major mining companies not to import a ton of ore, as opposed to the three major iron ore mining companies in negotiations not reasonable demands and intransigence. But a month later, China Steel Association started to give up this practice.
Luo said, “before the boycott measures introduced at that time, China Steel Association on the domestic steel companies to conduct an investigation of ore inventories, the result is the ability to maintain two months of consumption. But for now, has been in the past month, we are mainly taking into account the production and management company the next step. Recently, the mining companies have been among the major domestic steel activities of some companies and mining companies really have contacted these situations we all know. ”
He also stressed that after the import of iron ore steel industry self-regulation in the three principles need to be conducted without violating the basis of three principles, the company can do on its own according to their iron ore imports.
Three principles of self-discipline are: “2010 iron ore imports Qualification standards and reporting procedures”, “on the import of iron ore
Proxy System Regulations “and” import iron ore contracts on a regular basis to report the flow of registration and registration and filing requirements. ” Early April, the major domestic steel mills and iron ore traders at a meeting of iron ore imports reached three principles. It seems in the industry, three principles had to control the domestic iron and steel enterprises imported iron ore reached privately.
“Iron and steel enterprises for their production needs, temporary price agreed with the procurement of iron ore mine.” 28, executive vice president of China Steel Industry Association, Luo Bingsheng says with resignation that the traditional iron ore negotiations in name only.
This point, all the people concerned about the iron ore negotiations in 2010 to the China Steel Association open to allow the three major domestic steel mills and mines can be self-signed contract ended.
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